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Nation 29 Jun 2021 | 7:00 AM

Woman to be charged with ‘smurfing’, first such case in M’sia

KUALA LUMPUR: A business­woman is expected to be charged today over her alleged role in the structuring of a transaction – a technique known as “smurfing” – invol­ving more than RM230,000 in the first such case to be tried in the country.

Corporate News 03 Aug 2017 | 6:46 AM Premium

Australia’s Commonwealth Bank accused of massive money-laundering breaches

SYDNEY: The Australian government on Thursday accused the country’s biggest mortgage lender, Commonwealth Bank of Australia, of widespread breaches of money-laundering and counter-terrorism financing rules.

Business 21 Nov 2015 | 12:00 AM Premium

China cracks US$64bil underground bank moving cash abroad

CHINA said it cracked the nation’s biggest “underground bank,” which handled 410 billion yuan (US$64bil) of illegal foreign-exchange transactions, as the authorities try to combat corruption and rein in capital outflows that have hit records this year.